XAU/USD Outlook: Spot Gold Pressures Key Barriers, Supported by Expectations of Dovish
Spot gold retests $1250 barrier (10 Dec high) on Tuesday, in extension of previous day’s rally, signaling full retracement of $1250/1232 corrective phase and possible continuation of larger uptrend from $1196 (13 Nov low). Bulls eye key barriers just above...
Can The Fed Salvage The Santa Rally?
Can the Fed deliver a late festive surge? US equity markets are poised to open a little higher on Tuesday, paring losses on another bad day for Wall Street but how long will it last? There is a lot of...
BOJ: Loss in Communication Hinders Policy Effectiveness
The government of Japan downgrades its forecasts on GDP growth and inflation for the coming years. This evidences the failure of the transmission mechanism of the monetary policy adopted by the Bank of Japan. We believe the central bank has...
Yen Trading Higher as Risk Aversion Spreads from US
Yen is trading as the second strongest one for today, next to New Zealand Dollar, as risk aversions spread from the US to Asia. There were continuous rhetorics from Trump’s administration against Fed’s rate hikes. But the fact that Dollar...
BOE Probably Turns More Cautious amid Brexit Uncertainty
At the meeting later in the week, BOE would most likely leave the Bank rate unchanged at 0.75%. It would also keep the purchases of gilts and corporate bonds remain at 435B pound and 10B pound, respectively. BOE sounded hawkish...
Brexit Update: Corbyn Submits Symbolic No-Confidence Motion
Another week, another Brexit speech from UK PM Theresa May to a skeptical Parliament. In comments to the House of Commons earlier today, May said that staging a second referendum “would say to millions who trusted in democracy that our...
EUR/USD: Dollar Extends Decline As Trump’s Criticism Of Fed Grows
The start of what could be the most meaningful week remaining of this year has been one favouring haven assets. Although they were off their intraday lows when this report, stocks initially fell sharply with all the major US indices...
China’s Xi is delivering a speech that could have major consequences for the trade war
Chinese President Xi Jinping is set to signal on Tuesday whether his idea of progress aligns with the West’s increasingly vocal demands for less state control. That could have significant consequences for whether the U.S. reaches a trade deal with...
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